On Wednesday analysts at Suntrust Robinson Humphrey upgraded Marriott International, Inc. (MAR) due to an upside to the current share value of the hotel operator.
The analysts upgrading MAR from “Neutral” to “Buy” with a price target of $45. The valuation is a +21% upside to Monday’s closing price of $37.27.
Marriott shares were up 73 cents, or +1.96%, in premarket trading on Wednesday.
The Bottom Line
Shares of Marriott International (MAR) have a 1.40% dividend yield, based on Monday’s closing stock price of $37.27. The stock has technical support in the $34 price area. If the shares can firm up, we see overhead resistance around the $40-$42 price levels.
Marriott International, Inc. (MAR) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.